$1250000
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Bed
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Bath
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0 SqFt
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16 DOM
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Built: 1954
- Status: Active
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Srinivas Kasam
CEO & Founder
(650)533-32591029 South Division St, a renovated 10-unit apartment property in the heart of Moses Lake offered at $1,250,000. The building features desirable tenant amenities like coin-operated laundry and upgraded major systems including copper plumbing and updated electrical, supporting long-term reliability. With 9 of 10 units upgraded and additional upside remaining through completion of the final unit, investors can capture further rent growth while benefiting from strong in-place performance (5.78% current cap vs. 6.41% market cap) and attractive income metrics (10.81 current GRM vs. 8.94 market GRM). Ideally located just 0.3 miles from the Moses Lake waterfront and McCosh Park, the property is positioned to benefit from local momentum, including expansion tied to the region’s growing battery manufacturing district.
Listing Provided Courtesy of Erich Bubbel, COMPASS
General Information
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NWM2480951
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Multi Family
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16 DOM
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1550.74 SqFt
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0
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1954
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Multi-F
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Grant
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Erich Bubbel, COMPASS
Kasamestates data last checked: Mar 04, 2026 09:48 | Listing last modified Feb 16, 2026 21:00,
Source:
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